Hey there Aqua, long time no see.
This conversation seems to have shifted from markets to valuations so I hope that readers have some patients as we clog up the threads.
The problem with the theory that a stock is undervalued is that if it was, folks would be buying, savy investors wouldn’t be allowing opportunities to slip. But recently I’ve been watching pretty closely and there is so little retail movement happening on the daily course of sales it’s quite alarming. There just isn’t any demand unfortunately . Therefore it simply can’t be seen as undervalued. IMO.
Don’t think anyone should try and take on the market in regards to valuations, currently the market is valuing RAC at being worth $124.7 mill which converts to 76 cents.
Cheers.
Hey there Aqua, long time no see.This conversation seems to have...
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Last
$1.70 |
Change
0.000(0.00%) |
Mkt cap ! $289.7M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.70 | $1.65 | $100.0K | 59.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 601 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 4823 | 3 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |